U.K. Sells 2.25 Billion Pounds in October 2043 Gilt

By Miriam Mukuru

The U.K.'s Debt Management Agency sold 2.25 billion pounds ($2.90 billion) in October 2043, dated gilts at an auction on Tuesday, it said.

The following are results of the auction, with amounts in pounds. Figures in brackets are data from the previous auction, held on Oct. 1.

Issue              4.75% Oct 22, 2043 gilt 
Amount on offer    2.25  bln 
Bids received      7.40  bln 
Bids accepted      2.25  bln 
Bid-to-cover ratio 3.28    (3.27) 
Average yield      4.836%  (4.421%) 
Average price      98.94   (104.20) 
Maximum yield      4.837%  (4.422%) 
Settlement date    Nov. 13, 2024 
 

Write to Miriam Mukuru at [e-mail]

(END) Dow Jones Newswires

11-12-24 0528ET